The Disclosing Party, known as the “Disclosing Party” (“Disclosing Party,” including its authorized representatives, associates, affiliates, and partners, whether appointed on its behalf or benefiting from this Agreement),
and
The Recipient Party, referred to as the “Recipient Party” (“Recipient Party,” encompassing its authorized representatives, associates, affiliates, and partners, whether appointed on its behalf or deriving benefits from this Agreement).
Both the Disclosing Party and the Recipient Party are individually denoted as a Party and collectively termed as the Parties.
The intention of the Parties is to engage in discussions regarding various business opportunities. Such deliberations may necessitate the Disclosing Party to reveal Confidential Information to the Recipient Party. The Parties aim to safeguard this Confidential Information.
Definitions
- Disclosing Party: The Party whose Confidential Information is imparted to the Recipient Party.
- Recipient Party: The Party receiving the Disclosing Party’s Confidential Information.
Confidential Information
Confidential Information refers to any information concerning or about the Disclosing Party that:
- is tagged as “confidential,” “proprietary,” or “private” upon disclosure, whether communicated verbally or through other means.
However, Confidential Information does not encompass information that:
- is already in possession of the Recipient Party without any confidentiality obligation.
- is acquired from a third party without any confidentiality obligation.
- is independently developed by the Recipient Party.
Obligations and Exceptions
The Disclosing Party affirms its right to disclose its Confidential Information to the Recipient Party.
The Recipient Party agrees not to utilize the Confidential Information for personal purposes or any objective other than facilitating discussions about business opportunities between the Parties.
Furthermore, the Recipient Party commits not to:
- duplicate, replicate, distribute, or reveal any of the Disclosing Party’s Confidential Information to any individual, corporation, or entity, except as expressly permitted in writing by both Parties.
This Agreement does not:
- impede the right of either Party to create, procure, or market products and/or services that might compete with those offered by the other Party, provided there is no unauthorized use of the other Party’s Confidential Information.
Governing Law
This Agreement is subject to interpretation and enforcement in line with the laws of Cartagena Murcia 30868, Spain.
Termination
This Agreement becomes effective from the Effective Date and will remain in force unless terminated by either Party upon prior written notification.
Remember, ensuring the confidentiality of shared information is crucial for business discussions. This expanded Agreement serves as a framework to safeguard sensitive data exchanged between the involved Parties at ShoestringForum.com.